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(Reuters) – Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday. The layoffs would not result in any branch closures in the country, according to the source. The bank is working with the affected employees on existing opportunities and fair severance packages, Standard Chartered told Reuters in an email. “We have been working on multiple initiatives, including digitization, to drive performance. With enhanced digital capabilities, we are seeing a significant increase in adoption of digital channels by our retail banking customers, primarily through the net and mobile banking,” the bank said sterling silver cufflinks monogrammed uk online.
(Reuters) – Chipmaker Qualcomm Inc (QCOM.O) is asking courts in China to ban sales of Apple Inc’s (AAPL.O) latest iPhone models XS and XR after winning a preliminary injunction against older models, the company confirmed on Thursday sterling silver cufflinks monogrammed uk online. On Monday, a Chinese court had ordered a sales ban of some older Apple iPhone models for violating two patents of Qualcomm, though intellectual property lawyers said enforcement of the ban was likely still a distant threat. “We plan to use the same patents to file suit against the three new iPhone models,” Jiang Hongyi, a lawyer at Lexfield Law Offices who is representing Qualcomm in its patent suits, told the FT, which first reported the news on Thursday..
The case, brought by Qualcomm, is part of a global patent dispute between the two U.S. companies that includes dozens of lawsuits. Apple said on Monday that all of its phone models remained on sale in mainland China and that it had filed a request for reconsideration with the court, the first step in a long appeal process that could end up at China’s Supreme Court. Apple had also said its three models released in September were not part of the case sterling silver cufflinks monogrammed uk online. China, Hong Kong and Taiwan accounted for about a fifth of Apple’s $265.6 billion in sales in its most recent fiscal year..
FRANKFURT (Reuters) – The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil. In a precarious balancing act, ECB President Mario Draghi signaled both confidence about growth and concern over rising uncertainty, justifying the end of asset purchases after four years and the promise of lengthy support sterling silver cufflinks monogrammed uk online. Some ECB policymakers wanted him to adopt an even more cautious tone on the euro zone’s economic prospects but all stood behind the decision to dial back the stimulus, two sources told Reuters..
The ECB’s problem is that growth is weaker than expected even just weeks ago, while the outlook is clouded by the threat of a global trade war, the prospect of a hard Brexit and Italy’s budget standoff with the European Commission. But quantitative easing has run its course and any extension would have hit the ECB’s credibility after it flagged the scheme’s end back in June. In the end, the ECB tweaked the wording of its statement to reflect the increased economic concerns but kept its reference to balanced risks sterling silver cufflinks monogrammed uk online.